Janus Henderson Group PLC Has $47.92 Million Stock Holdings in Rush Enterprises, Inc. $RUSHA

Janus Henderson Group PLC increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 83.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 724,410 shares of the company’s stock after buying an additional 330,553 shares during the period. Janus Henderson Group PLC’s holdings in Rush Enterprises were worth $47,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC raised its holdings in Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Rush Enterprises by 1.1% during the fourth quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock worth $966,000 after acquiring an additional 200 shares during the period. California State Teachers Retirement System grew its position in shares of Rush Enterprises by 0.4% in the second quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock valued at $2,955,000 after purchasing an additional 208 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Rush Enterprises by 44.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company’s stock valued at $40,000 after purchasing an additional 230 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Rush Enterprises by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company’s stock worth $1,897,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Trending Headlines about Rush Enterprises

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises reported quarterly EPS of $0.91, exceeding the $0.86 analyst consensus, while revenue of $1.90 billion also topped the $1.89 billion estimate. The earnings beat helped drive shares to a new one-year high. Rush Enterprises Sets New 1-Year High on Earnings Beat
• Positive Sentiment: Stephens raised its price target from $90 to $95 and maintained an “overweight” rating, implying roughly 19% potential upside from the referenced share price. The upgrade reflects confidence in Rush’s diversified business model and earnings prospects. Stephens Price Target Update
• Positive Sentiment: Analyst coverage and post-earnings reviews highlighted steady results across Rush’s diversified operations and signs of an early recovery in the commercial-vehicle market, supporting continued investor interest. RUSHA Q2 Deep Dive
• Neutral Sentiment: Rush Enterprises plans a 3-for-2 stock split, with additional shares distributed to existing shareholders after the specified record-date market close and trading on a split-adjusted basis afterward. The split does not alter shareholders’ underlying ownership value or the company’s fundamentals, but it could improve share affordability and liquidity. Reports provided different effective dates—August 11 and September 1—so investors should confirm the final schedule with the company or exchange. Rush Enterprises Shares Set to Split

Analyst Ratings Changes

A number of research firms have recently weighed in on RUSHA. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wolfe Research assumed coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target on the stock. Stephens lifted their price objective on shares of Rush Enterprises from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group increased their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Rush Enterprises Trading Down 0.2%

Shares of RUSHA stock opened at $79.79 on Friday. Rush Enterprises, Inc. has a fifty-two week low of $45.67 and a fifty-two week high of $83.50. The stock’s fifty day moving average price is $72.57 and its two-hundred day moving average price is $69.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.45. The company has a market cap of $6.20 billion, a PE ratio of 24.03, a P/E/G ratio of 1.77 and a beta of 0.89.

Rush Enterprises shares are going to split on Tuesday, August 11th. The 3-2 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. Equities analysts predict that Rush Enterprises, Inc. will post 3.75 EPS for the current fiscal year.

Rush Enterprises Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. Rush Enterprises’s dividend payout ratio is 22.89%.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.